[...] Li is not as visually dramatic as Matt Taibbi's Rolling Stone picture of Goldman as a "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." But Li's Chinese readers love his "Goldman Sachs knows when to go for your neck" like a "Manchurian tiger."Read the rest here
China's Trump shows no fear
Ren Zhiqiang, chairman of Hua Yuan Property Co. and one of China's most outspoken real estate tycoons, explains why he criticizes the Communist Party and what it takes to attract two million followers to a Chinese microblog.
But is the Goldman Conspiracy really a threat to China? That's a joke, right?
It's the exact opposite. In fact, it should be obvious that China is actually a "great vampire squid wrapped around the face of Goldman, relentlessly jamming its blood funnel into anything that smells like Goldman's capital, talent and connections."
Then, eventually, in a generation, by 2040, China will suck the life out of Goldman. At the same time, back here stateside, China must be quietly cheering as America's "bloodsucking vampire squid" sucks the life out of our capitalism and democracy, as the Goldman Conspiracy's insatiable greed aggressively sabotages America from within.
Read this and weep, or get mad as hell: By 2040, in just one generation, 30 years, here's how Fogel sees the rapidly emerging new world order, with China as the world's sole superpower economy and America a distant second, a has-been on the global stage, thanks in part to the Goldman Conspiracy and its influence on so many bad decisions in recent years. Fogel warns:
"In 2040, the Chinese economy will reach $123 trillion, or nearly three times the economic output of the entire globe in 2000. China's per-capita income will hit $85,000, more than double the forecast for the European Union, and also much higher than that of India and Japan. In other words, the average Chinese megacity dweller will be living twice as well as the average Frenchman when China goes from a poor country in 2000 to a superrich country in 2040.
GoldmanSachs666 Message Board
According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage". In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia
Wednesday, September 15, 2010
Here's a great article by Paul Farrell on how "Goldman's insatiable greed is so blinding that Goldman has lost the ability to see the long-term consequences of its sad un-American behavior." Well... that and the probability we need to learn Chinese.